08:28:57 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Taseko Mines Ltd
Symbol TKO
Shares Issued 195,818,495
Close 2012-03-26 C$ 3.55
Market Cap C$ 695,155,657
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Taseko receives response to WCWC defamation suit

2012-03-28 14:34 ET - Street Wire

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by Mike Caswell

The Western Canada Wilderness Committee denies that it defamed Taseko Mines Ltd. when it accused the company of planning to pollute two lakes near the proposed Prosperity mine. Responding to a lawsuit it faces from Taseko, the environmental group maintains that Taseko's new plans for Prosperity will result in toxic material entering the lakes.

The denials come in response to a defamation case that Taseko filed against the WCWC in the Supreme Court of British Columbia earlier this month. The company complained about postings on the WCWC's website that stated the company would use a small water body called Little Fish Lake as a tailings pond. Taseko said the website was misleading, because the company had no such plans, and would be placing its tailings site away from the lake. By telling visitors to its website otherwise, the WCWC was defaming Taseko, the suit stated.

The WCWC, however, says that the mine remains a grave risk to both Little Fish Lake and nearby Fish Lake. It relies on the findings of a federal review panel in 2010, which denied the company's initial application to build the mine because of the possibility of damage to Fish Lake from tailings.

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